
Leonardo Gambacorta
Leonardo Gambacorta is the Head of the Innovation and the Digital Economy unit at the BIS. Before taking up his current position, Leonardo was Research Adviser (2014-2018) and Head of Monetary Policy (2010-12) in the Monetary and Economic Department. Previously, he was Head of the Money and Credit Unit (2007-09) and Head of the Banking Sector Unit (2004-06) of the Research Department of the Bank of Italy. He was a visiting scholar at the National Bureau of Economic Research (2002-03). He holds an MSc in Economics from the University of Warwick and a PhD in Economics from the University of Pavia. His main interests include monetary transmission mechanisms, the effectiveness of macroprudential policies in curbing systemic risk, and the effects of technological innovation on financial intermediation. He is a research fellow of the Centre for Economic Policy Research.
Fields of interest
- Finance
- Monetary policy
- Central banking
Forthcoming |
by Alessio Reghezza, Giulio Velliscig, Leonardo Gambacorta and Yener Altunbas in Journal of Corporate Finance
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October 2022 |
by Jon Frost, Leonardo Gambacorta and Romina Gambacorta in Journal of Economic Behaviour & Organization
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Forthcoming |
Operational and cyber risks in the financial sector
by Iñaki Aldasoro, Leonardo Gambacorta, P Giudici and T Leach in International Journal of Central Banking
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Forthcoming |
Do macroprudential policies affect non-bank financial intermediation?
by Francesco Manaresi, Giulio Cornelli, Leonardo Gambacorta, Shiina Yasushi and Stijn Claessens in International Journal of Central Banking
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April 2022 |
by Han Qiu, Leonardo Gambacorta, Yi Huang and Zhenhua Li in Review of Finance
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forthcoming |
Low price-to-book ratios and bank dividend payouts: economic policy implications
by Hyun Song Shin, Leonardo Gambacorta and Tommaso Oliviero in Economic Policy
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Forthcoming |
by Hyun Song Shin, Jon Frost, Leonardo Gambacorta, Sebastian Doerr and Sharon Chen in Journal of Financial Intermediation
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March 2023 |
by Giulio Cornelli, Jon Frost, Leonardo Gambacorta, Raghavendra Rau, Robert Wardrop and Tania Ziegler in Journal of Banking and Finance
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January 2023 |
Financial structure and income inequality
in Journal of International Money and Finance
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Forthcoming |
Regulatory sandboxes and fintech funding: evidence from the UK
by Giulio Cornelli, Leonardo Gambacorta, Ouarda Merrouche and Sebastian Doerr in Review of Finance
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